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Real Estates

 Why the Taxi Driver Can Make You Tens of Thousands of Dollars Investing in Commercial Real Estate

It may sound hard to believe, but, when it comes to where and what kind of apartment or commercial property you should be looking at investing in and or becoming an owner of, the taxi cab driver and TV reporter are sometimes your best indication of what kind of property you should choose.

I know, sounds like I may have finally fallen off of my rocker. Upon reflection, it does sound a bit crazy, so, having said this let me explain it in a little better detail for you with a story.

A few months ago I needed to do some traveling and I flew into a well known city located in the SE part of the US.

I grab my luggage from the airport and find a cab to take me to my hotel. The gentleman or cabbie driving me was very helpful. Not only was this cabbie helpful with my baggage but he also helpful in telling me that I should not buy any real estate in this market.

How did a cabbie convince me that this was NOT the place to buy real estate?

By proceeding to tell me that the marketplace was hot. People are buying properties and turning around and selling them for hundreds of thousands more the same day or in some cases the next day. If I was smart he says I would be going to buy this property so I could profit on this too.

No offense to my cabbie friend OK. But, if a cabbie is telling me how hot the real estate market is that tells me that the market is about ready to either have a major slowdown or a huge correction.

Why? I will tell you in a bit.

So, I get out of the cab and proceed to my hotel room. The first thing I do upon getting there was flip the TV on. Well, while flipping through channels I run across a local TV news program and a local reporter is telling me about, you guessed it, how hot the real estate market is and how much money people are making.

Once again, the decision NOT to buy here was made even stronger to me.

Some of you may be thinking something along the lines of, "Darin, you had two people tell you how great the market was and this was all in the same day. So, why not buy there, wasn't there evidence that the market was good?

Yes, there was evidence, but let me tell you something. When the "common folk" such as a cabbie start to tell me what kind of property I need to be investing in that is a sure sign that this is the property to avoid. In other words, if these folks know about it, if folks "on the street" and "not in the real estate know" are experts in this it is time to run away from these kind of investments and this kind of property.

Look what happened in the recent dot com bust? Same kind of thing. Only the same kind of rules DO apply to real estate as well.

The big lesson? When it comes to owning and investing in apartments and commercial investment property, the smart thing is to do is WHAT OTHERS ARE NOT DOING - Make sure you do not follow the masses. Do what 99% of the people don't do.

This will be the best path to success for you in the apartment and investment real estate business. Let me tell you, you will be tempted. Don't fall for it.

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Travel - Skiing

 Ski Vacations – Learning How To Ski

If your family wants to go skiing on your next vacation, but you don’t know how to ski, go ahead and plan that ski vacation anyway! You can learn how to ski, and you will have a great time doing it. You don’t even need to know the first thing about skiing before you arrive at the resort – all of the knowledge you will need is there waiting for you, and you can literally be skiing down a mountain after an hour of instruction.

Learning to ski is really quite easy. Most resorts have a ski school on the premises, and lessons are reasonably priced. Group and private lessons are usually available. It is a good idea, however, to schedule an appointment before you arrive at the resort. This will ensure that you can start learning to ski the very first hour of your vacation.

Most ski instructors start by showing you how to maneuver around with your equipment. When you are wearing ski boots, you will be inclined slightly forward – there is a reason for this…when you are skiing down a mountain, you will be inclined forward! Walking in ski boots the first time is a bit difficult – but it works just fine if you learn to walk with your knees slightly bent.

The first maneuver you will learn is called the plow, or snow plow. This is a technique that is done by literally using your skis as a snow plow. You make the back of the skis slowing move outwards, away from your body by applying pressure – and this stops you. You guide yourself on skies by bending your knees and leaning in one direction or another, depending on which way you want to go. All of these techniques can be learned in one hour, even if you have never been on a pair of skis in your life.

The beauty of skiing is that after you have learned how to snow plow, and how to guide yourself on the skis, you are ready to ski! Get on the lift, head up the mountain, and give it a try. Control your speed by snow plowing – go slow at first. When you want to pick up some speed, draw your skis back in to pick up a little speed, then push them back out into the plow position to control that speed.

As a beginner, you should stick to the trails that are designed for beginners. At most resorts, these trails are marked with a green emblem. Blue trails are for intermediate skiers, and after one day of skiing the beginner trails, you may be ready for those trails. The black trails are for experts. These trails can be dangerous for people who don’t have the skill level to handle them! Avoid black trails until you have had a great deal of ski instruction and experience. You will know when you are ready!

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